All information is believed to be accurate but is not guaranteed.
Agents featured are offering access to their MLS.
Inclusion here
does not constitute a recommendation by Wade Ogletree, his broker, the
company, or this site.
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What to look for in an investment property:
a)
Can the property be purchase below fair market value? Generally
70-80% LTV (loan to value) is the criteria an investor looks for,
depending on the amount of rehab to be done. A clean, nice property
with no repairs needed would be a good deal at 80%LTV.
b)
Can the property generate positive cash flow through rental income?
Also consider a lease/option, but be aware of the laws involved. The
lease/option is not legal in Texas, and in some cases, a tenant on a
lease/option can not simple be evicted but must be foreclosed on.
c)
Is the property set to dramatically appreciate in value? In really
hot markets, a property can be a good investment at full retail value
d)
Can financing be attained through the seller on favorable terms?
e)
Are their special market conditions that make the investment
worthwhile? An example would be the Gulf Opportunity (GO) Zone Act
of 2005 which makes provides tax-incentives to investors in certain
counties in Louisiana, Mississippi, and Alabama.
Southern Investor works with investors all over the
nation. If you are in Connecticut and want to be a source of
Connecticut investment properties, or if you are interested in investing in
Connecticut real estate, Southern Investor is here to help. Be
sure to contact Southern
Investor.
You're due for a touch of Southern Profitability. Southern
Investor is your real estate investment resource, presented by Wade
Ogletree, Century 21, Professional Services.